RBC Capital Markets has appointed an ex-Goldman Sachs and Merrill Lynch banker as sole head of European investment banking, as his former co-head takes up a new role as chairman.

Patrick Meier

Joshua Critchley, who previously co-headed European investment banking with Patrick Meier, will take sole charge of the business, according to two people familiar with the situation. Meier, a 32-year veteran at the firm, will become chairman of European investment banking.

Critchley joined RBC in September 2009 from Goldman Sachs to lead the development of the Canadian bank's corporate broking business.

The bank soon made headway, adding more than 30 corporate broking clients by the time Critchley was promoted to co-head of European investment banking in December 2011.